Empowered Funds LLC grew its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU – Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,781 shares of the industrial products company’s stock after buying an additional 2,829 shares during the quarter. Empowered Funds LLC’s holdings in Kaiser Aluminum were worth $9,253,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KALU. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 218 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the last quarter. KBC Group NV bought a new position in shares of Kaiser Aluminum in the first quarter worth approximately $44,000. Finally, Quantbot Technologies LP purchased a new position in shares of Kaiser Aluminum in the second quarter worth $44,000. Institutional investors own 99.29% of the company’s stock.
Kaiser Aluminum Stock Performance
NASDAQ:KALU opened at $181.73 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10. The firm’s fifty day simple moving average is $174.46 and its 200 day simple moving average is $155.73. The stock has a market cap of $2.97 billion, a P/E ratio of 13.47 and a beta of 1.61. Kaiser Aluminum Corporation has a twelve month low of $73.08 and a twelve month high of $199.89.
Kaiser Aluminum Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, July 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. Kaiser Aluminum’s payout ratio is currently 22.83%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on KALU. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 2nd. UBS Group raised their target price on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. KeyCorp boosted their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.25.
Read Our Latest Analysis on Kaiser Aluminum
Kaiser Aluminum Profile
Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.
Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.
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